re: Ann: Proposed Merger with Silver Lake Res... It looks like I hit the nail on the head - the auditor issued a warning about PRH being able to continue as a going concern in the 2010-11 Annual reportPage 78http://www.phillipsriver.com.au/upload/report/201111100938531367981033_110930prhttrannualreport2011.pdfCapital raising would be highly dilutive and borrowing would be impossible. PRH is coming to the SLR Mothership to be saved from utter destruction by management.That should make PRH shareholders feel better.loki
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